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ItalianoBond Consolidated Edison Co of NY 4.65% ( US209111FT54 ) in USD
| Issuer | Consolidated Edison Co of NY | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market price |  126.14 % ▲ |
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| Country |  United States
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| ISIN code |
 US209111FT54 ( in USD )
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| Interest rate | 4.65% per year ( payment 2 times a year) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Maturity | 01/12/2048 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Prospectus brochure in PDF format |
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| Minimal amount | 2 000 USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total amount | 600 000 000 USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cusip | 209111FT5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Standard & Poor's ( S&P ) rating | A- ( Upper medium grade - Investment-grade ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Moody's rating | Baa1 ( Lower medium grade - Investment-grade ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Next Coupon | 01/12/2026 ( In 96 days ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Detailed description |
Consolidated Edison, Inc. (Con Edison) is a major energy company that delivers electricity, natural gas, and steam to customers in New York City and Westchester County, New York. This financial analysis focuses on a specific fixed-income security, identified by its ISIN US209111FT54 and CUSIP 209111FT5. The bond is an obligation issued by Consolidated Edison Co of NY, a prominent investor-owned energy company based in the United States, primarily engaged in delivering electric, gas, and steam services to customers in New York City and Westchester County. As a regulated utility, Consolidated Edison is recognized for its stable operational profile and consistent cash flows, which underpin its creditworthiness. This particular debt instrument, denominated in US Dollars (USD), features a fixed coupon interest rate of 4.65%, with payments distributed twice annually to bondholders, aligning with a semi-annual frequency. The total size of this particular issuance amounts to $600,000,000, with a minimum investment threshold of $2,000 per purchase. The bond is currently trading at 100% of its par value on the market, implying its yield to maturity is approximately equal to its coupon rate at this price point. A notable characteristic of this obligation is its long-term maturity date set for December 1, 2048, positioning it as a long-duration asset. The credit quality of this bond is affirmed by leading rating agencies: Standard & Poor's has assigned it an 'A-' rating, while Moody's has rated it 'Baa1'. Both ratings signify an investment-grade status, indicating a relatively low credit risk in the context of the broader fixed-income market. |
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